The Hindu Business Line : Wednesday, July 02, 2008

Rupee loses 30 paise to the $
Mumbai, July 1 The rupee continued its downward trend and closed 30 paise lower against the dollar, due to fears of high oil price and pullout by FIIs from the domestic stock market. The Sensex lost 500 points today and global oil ... More

Citi India full-year net doubles
Citibank, India, said on Tuesday that its net profits doubled to Rs 1,804 crore for the year ended March 2008, from Rs 900 crore in the previous year. Mr Sanjay Nayar, CEO, Citi India, said profits from foreign exchange business and ... More

Manmohan gives a push for second-tier accountants
To meet emerging demand in small, medium sectors More

Oil market tightness to continue, says energy body
Demand in key energy markets to prolong: IEA More

Fuelling a diesel crisis
More

Realty stocks beaten down despite strong earnings
Sector reeling under multiple concerns More

Steel companies assure to hold prices this month
Express concern over prices going up at the retail level More

‘Retail investors should stay away for near term’
Analysts see turbulent times ahead in the short-term More

Futures markets: Facing the heat
It is currently the burning question. Are futures markets the cause of high energy and commodity prices? A large section of economists, lawmakers and public opinion thinks so. Thus the calls to tighten regulation and, indeed, in some ... More

Short-term support for rupee at 44
The manic selling in the equity markets this week had its effect on the Indian currency too, causing it to slip below the 43 bastion against the dollar on Tuesday. Dollar demand from arbitrageurs, reflected in the 1-month non-deliverable ... More

High fuel cost may impact CV, car sales: Ratan Tata
‘Year ahead will be a year of major challenges’ More

Monsoon roars back to life, W. coast pounded
Thiruvananthapuram, July 1 The west coast, especially the Konkan-Mumbai-South Gujarat belt, has come in for a battering for the second time this monsoon in a pattern best attributed to a recurrent sea-based phenomenon – a positive ... More

Worst ever plunge since dotcom crash
Nifty PE below 10 year average More

Export growth slows to 12.9% in May
Trade deficit increases to $20.64 b More

TODAY'S PICK (Latest Audio: English/Tamil)
Neyveli Lignite Corp (Rs 98.15): Sell
We recommend a sell in Neyveli Lignite Corporation from a short-term perspective. From the charts of Neyveli Lignite Corporation we note that it was on a medium-term sideways consolidation in a broad range between Rs 105 and 160 (from February to ... More

Day Trading Guide
In line with our expectation, the stock declined in the pervious trading session, with high volume. We reiterate our sell recommendation. Infosys Fresh short-position can be initiated if the stock declines ... More

Caterpillar eyeing Hindustan Motors’ arm
Global construction and mining equipment major Caterpillar Inc is understood to be in the final stages of striking a deal with CK Birla group to acquire its auto components arm, Avtec Ltd. Sources from vendors of both the companies ... More